The Bank of England was set to cut record low interest rates yet further on Thursday and a Japanese central banker said unconventional policies could be needed to stave off the global crisis. European shares fell in early trading on a large writedown by insurer Swiss Re, while rising bad loans at Spain's biggest bank

While most children his age sketch on paper with crayons, nine-year old Lim Ding Wen from Singapore, has a very different canvas — his iPhone. Lim, who is in fourth grade, writes applications for Apple's popular iPhone. His latest, a painting program called Doodle Kids, has been downloaded over 4,000 times from Apple's iTunes store

Yahoo Inc is panning for gold in waters that Google Inc abandoned. Yahoo said in a blog post on Wednesday that it was testing a new tool to help people better organize the bounty of information that crops up while doing research on the Web. Search Pad is similar in concept to Google Notebook —

The number of British companies going bust grew by nearly 50 percent last year, accounting firm KPMG said on Wednesday, and with the UK economy now in recession, the number of insolvencies is set to rise further in 2009. Ahead of the latest government figures to be published on Friday, KPMG recorded a total of

Mcdonald's Corp, the world's largest fast-food chain, has cut some prices by as much as a third in China where once booming economic growth has slumped amid the global financial crisis. In what the company calls "the best ever value meal combination" in China, McDonald's cut about 40 percent of prices, the company said. Fifty

Asian shares edged up cautiously for a third straight session on Thursday as hopes for a recovery in China's economy raised confidence about the outlook for global trade, sending shipping firms sharply higher. Oil prices also inched up, reversing earlier falls, while gold prices dipped as investors grew more comfortable with riskier assets. The euro